Oracle to acquire Sun Microsystems for $7.4 billionApril 20th, 2009 REDWOOD SHORES - US-based software major Oracle Corp plans to acquire Sun Microsystems for $7.4 billion at $9.50 per share in a cash transaction, the two companies said Monday. 'We expect this acquisition to be accretive to Oracle's earnings by at least 15 cents on a non-GAAP (non-generally accepted accounting practices) basis in the first full year after closing,' Oracle president Safra Catz in a statement.
Oracle sales down as businesses tighten beltsSeptember 16th, 2009 SAN FRANCISCO - Business software maker Oracle reported a 5 percent decline in quarterly revenue Wednesday as businesses held off on buying new software. The Silicon Valley company said its sales dropped to $5.1 billion, but the company managed to increase profits by 8 percent to $1.1 billion, compared to $1.07 billion in the year-ago quarter.
Alinghi 'regrets' Oracle snubbed talks to resolve dispute over next America CupMay 8th, 2009 Alinghi laments Oracle snubbing talks to end spat
GENEVA — America's Cup winner Alinghi said Thursday it "regrets" that challenger Oracle has rejected its offer to resume talks aimed at resolving a dispute over the next race. Alinghi's home club, Societe Nautique de Geneve, said it sent a letter to Golden Gate Yacht Club, which backs BMW Oracle Racing, inviting it to discuss the date, venue, race format and participation of other teams in the next race.
Sun Microsystems stockholders approve $7.4B takeover by OracleJuly 16th, 2009 Sun shareholders approve $7.4B Oracle dealSAN FRANCISCO — Sun Microsystems Inc.'s shareholders have approved the $7.4 billion sale of the struggling company to business software maker Oracle Corp. About 62 percent of Sun's shares were cast in favor of the deal at a special meeting Thursday.
Justice Dept says OK to Oracle's $7.4 billion deal for Sun; approval still needed in EuropeAugust 21st, 2009 Oracle says Justice Dept allows $7.4B Sun dealSAN FRANCISCO — Business software maker Oracle Corp. said Thursday it has received the Justice Department's approval to move forward with its $7.4 billion acquisition of former dot-com-era star Sun Microsystems Inc.
Summary Box: EU applies brakes to Oracle-Sun deal on questions about database marketSeptember 3rd, 2009 Summary Box: EU applies brakes to Oracle-Sun dealSLOW DOWN: European Union regulators are launching a formal antitrust investigation into Oracle Corp.'s proposed $7.4 billion takeover of Sun Microsystems Inc. Oracle expected to complete the acquisition this summer, but European regulators now have until Jan.
Oracle, Sun link up for new database machine; in doing so, Oracle snubs HPSeptember 15th, 2009 Oracle, Sun link up for new product; HP snubbedSAN FRANCISCO — With the fate of its proposed $7.4 billion takeover of Sun Microsystems Inc. uncertain amid antitrust scrutiny, Oracle Corp.
Oracle profit rises 4 pct, matching Street views, despite 5 percent sales dropSeptember 16th, 2009 Oracle net rises 4 pct, matching Street viewsSAN FRANCISCO — Oracle Corp. says its quarterly profit rose 4 percent despite a 5 percent drop in sales.
U.S.-backed America's Cup challenger opposes Alinghi's choice of Persian Gulf venueOctober 2nd, 2009 America's Cup challenger opposes venue choiceSAN DIEGO — Citing "grave safety concerns" for its U.S.-based crew, challenger BMW Oracle Racing is asking a New York court to reject Ras al-Khaimah, United Arab Emirates, as the venue for the 33rd America's Cup and replace it with Valencia, Spain. BMW Oracle Racing said in a statement late Thursday night that defending champion Alinghi of Switzerland cannot select a Northern Hemisphere port without mutual consent of BMW Oracle Racing.
On The Call: Michael Dell talks profit margins after better-than-expected quarterAugust 28th, 2009 On The Call: Dell talks profit marginsSAN FRANCISCO — A key surprise in Dell Inc.'s latest quarterly numbers was a better-than-expected gross profit margin, which refers to the amount of money Dell made on each dollar of revenue, before taxes and other expenses are stripped out. Gross margin is a closely watched figure that measures how well a company is controlling its costs.
Oracle: Justice Dept OK's Sun acquisition; go-ahead still needed from European CommissionAugust 20th, 2009 Oracle: Justice Dept OK's Sun dealSAN FRANCISCO — Business software maker Oracle Corp. said Thursday it has received the Justice Department's approval to move forward with its $7.4 billion acquisition of former dot-com-era star Sun Microsystems Inc.
Feature: Will Sun Rise with Oracle?April 22nd, 2009 Unlike IBM's failed attempt to acquire Sun Microsystems, the $7.4 billion tendered by Oracle to buy the Santa Clara-based enterprises solutions firm makes good sense for all three companies. It is also gives an honourable exit and hope of a new dawn for a setting Sun, in danger of being gobbled up and swallowed.
Americans confirm BOR 90 is the trimaran they will sail in America's Cup showdownAugust 10th, 2009 Americans confirm BOR 90 is Cup challenge boatSAN DIEGO —America's Cup challenger BMW Oracle Racing has confirmed that BOR 90, the giant trimaran being tested in San Diego, is the boat it will use in its showdown against defending champion Alinghi of Switzerland in February. The Americans made the disclosure in New York State Supreme Court on Monday in an ongoing legal tussle between the bitter rivals.
EU says it must check that Oracle-Sun takeover won't hike prices for database softwareSeptember 3rd, 2009 EU opens probe into Oracle bid for SunBRUSSELS — European Union regulators have launched an antitrust probe into U.S. software maker Oracle Corp.'s takeover of Sun Microsystems Inc., saying the deal could mean higher prices and limited choice for database software.
Alinghi launches catamarans on Lake Geneva to begin training for America's CupApril 30th, 2009 Alinghi launches 35-foot cats for Cup trainingAmerica's Cup champion Alinghi of Switzerland has launched two 35-foot catamarans on Lake Geneva and will begin training for its showdown with American challenger BMW Oracle Racing next year. American Ed Baird will helm one of the catamarans while Alinghi boss Ernesto Bertarelli, a biotech tycoon with extensive experience sailing multihulls, will steer the other.